Crypto Update 8/30/21 | Why Avatars Dominate the NFT Market

With bitcoin holding support at around $48,000 and a deep dive into the inexplicable allure of non-fungible tokens, CoinDesk’s Markets Daily is back with the latest news roundup.

This episode is sponsored by Kava, Nexo.io and Celo.

Today's Stories:

Bitcoin Holding Support; Stuck Below $50K Resistance

Stocks, Futures Steady After Fed’s Cautious Stance: Markets Wrap 

Stock Futures Pause After S&P 500, Nasdaq Hit Records 

SOL Hits Record High, Climbs Above $100 as Total Value Locked on Solana Crosses $3B

Housing affordability to worsen near-term, even as prices cool off

Confidence in Euro-Area Economy Drops on Supply Squeeze, Virus  

China to Build Global Clearing Network for Mobile Payments, Using Digital Yuan: State Media

China Sees Skilled Labor Shortages Worsening Amid Tech Push  

From dried fruit to bike repair, Cuban entrepreneurs prepare for a more open economy

Frothy NFT Market Remains ‘Healthy’ as Developers Hold ETH or Reinvest

DeFi Protocol Cream Finance Hacked for Second Time This Year 

Microsoft Is Awarded US Patent for Crypto Token-Creation Service

Square’s Jack Dorsey Plans to Build Decentralized Bitcoin Exchange

Inside Alien Worlds, the Biggest Game in the Metaverse

Featured Story: Why Avatars Dominate the NFT Market 

This episode was edited & produced by Adrian Blust. 

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Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io.

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Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.

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Celo is a mobile-first platform making financial dApps and crypto payments accessible to anyone with a mobile phone. Celo supports more than 1000 projects from builders, developers, and even artists, who everyday create new applications and issue digital currencies from over 100 countries around the world. To learn more visit Celo.org today.